Budgets And Financial Reports

Budgets And Financial Reports

Money matters can be intimidating for even the smartest people. However, having a solid understanding of basic financial terms and methods is crucial to your career. When terms like ROI, EBIT, GAAP, and extrapolation join the conversation, you”ll want to know what people are talking about, and you”ll want to be able to participate in the discussion.

The Budgets And Financial Reports workshop will give you a solid foundation in finance. We”ll cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.

Course Outline

  • Workshop Objectives
  • What Is Finance
  • Commonly Used Terms
  • Key Players (People, Jobs)
  • Important Finance Organizations
  • Understanding GAAP
  • Balance Sheets
  • Income Statements (AKA Profit And Loss Statements)
  • Statement Of Retained Earnings
  • Statement Of Cash Flows
  • Annual Reports
  • Income Ratios
  • Profitability Ratios
  • Liquidity Ratios
  • Working Capital Ratios
  • Bankruptcy Ratios
  • Long Term Analysis Ratios
  • Coverage Ratios
  • Leverage Ratios
  • Calculating Return On Investment (ROI)
  • Common Types Of Budgets
  • What Information Do I Need?
  • Who Should Be Involved?
  • What Should A Budget Look Like?
  • Factoring In Historical Data
  • Gathering Related Information
  • Adjusting For Special Circumstances
  • Putting It All Together
  • Computer Based Methods
  • Using The Average
  • Regression Analysis
  • Extrapolation
  • Formal Financial Models
  • How To Tell If You’re On The Right Track
  • Should Your Budget Be Updated
  • Keeping A Diary Of Lessons Learned
  • When To Panic
  • 10 Questions You Must Ask
  • Determining The Payback Period
  • Deciding Whether To Lease Or Buy
  • Thinking Outside The Box
  • A Brief History
  • The Sarbanes Oxley Act
  • CEO/CFO Certification
  • Thinking Outside The Box
  • Words from the Wise
  • Review of Parking Lot
  • Lessons Learned
  • Completion of Action Plans and Evaluations